Indianapolis Times, Volume 33, Number 232, Indianapolis, Marion County, 5 February 1921 — Page 11
STOCK MARKET CLOSES STEADY Price Changes Extremely <- Narrow—Only Professional Trade. NEW YORK, Feb. 3—The stock market closed steady today. There was no change In trading conditions In the final hour, price movements being extremely narrow with business wholly of a professional character. Steel common closed fractionally lower at 81%, while Baldwin, after reacting to 87%, rose to SS. New Haven attracted attention, being in brisk demand and advancing over 1 point to 21. Reading was up 1 point at 83. Sears-Uoebucfe fell over 1 point to 87%. Mexican Petroleum rose to 156%, a net gain of 1 point. Crucible receded over 1 point from the i high, but closed fractionally higher at 11%. sales of stocks today were 228,400 ■bares; bonds, $5,113,000. ■ Total sales of stocks for the week (By Thomson & McKinnon.) —Feb. 5 In the absence of news to influence prices, the market moved within a narrow range. The outstanding feature was a lack of pressure. This was evidenced throughout the session. The volume indicates a lcck of public interest. Without Incentive we can not expect activity. Where this will come from or when, is a matter of individual opinion, but we must not lose patience because of the action of the markets. Rather we should consider the improvement which has set in commercially and financially since the end of the year. We will grant this improvement is not sufficient to bring wild enthusiasm, but it is improvement nevertheless, and as days go by will gather momentum. TWENTY STOCKS AVERAGE. NEW YORK. Feb. s.—Twenty industrial stocks averaged 74.74. up .40. Twenty active rCis averaged 74.56, up .15 per cent. CLEARING HOCSE STATEMENT. NEW YORK. Feb. s.—Exchanges, $653,982.346; balances. $61,517,699; Federal Reserve Bank credit, $46,517,036. Money and Exchange Indianapolis bank clearings Saturday were $2,262,000, against $1,919,000 for last Saturday. For the week the clearings were $13,. 101.000, against $13,047,000 lor the week before. NEW YORK, Feb. s.—The foreign exchange market opened steady today, the leading exchanges being quoted around yesterday's final figures. Demand ste-ling was %c higher at $3.83%. Francs yielded 1 centime to 7c for cables and 6.90 c for checks. Lire fell 1 point to 3.62 c for cables and 3.61 c for checks. Belgians yielded 2 centimes to 7.35 c for gables and 7.3Jc for checks. Marks were at 7.58 c. Guilders were quoted Ht 3.39 c for cables and 3.58 c for checks, ■wedish cables. 21.95 c; chocks, 21.90 c. * NEW YORK BANK STATEMENT. NE5\ YORK. Feb. 5. —Average: Loans. lnc>-e *ed $1,254.0* 0; demand deposits, increased, $17,181,000; time deposits decree e $13,440,000; reserve. Increased $3,331,250. Actual Loans, Increased $3 085.000! demand deposits, decreased $568000; time deposits, decreased $2,870,000; reserve, increased $6,221,920.
MOTOR SECURITIES. (By Thomson & McKinnon.) —Feb. 5 —OpeningBid. Ask. Briscoe 13 16 Chalmers com 1 IK Packard com 10 19% Packard pfd 67 70 Chevrolet 100 400 Peerless 22 21 Continental Motors com 6% 6% Continental Motors pfd 62 95 Hupp com 12% 13% Hupp rfd 60 . 95 Roo Motor Car 21 21% Elgin Motors 3 6 Grant Motors 33% Ford of Canada 240 245 United Motors 30 40 National Motors 4 6 Federal Truck 21 22 L Paige Motors 17 18 Republic Truck 20% 21 W ACTVE OIL STOCKS. (By Thomson & McKinnon) —Feb. 5 —Opening— Bid. Ask. Anglo-American Oil 17% 18(4 Atlantic Refining O‘S 1040 Eorne-Scryinser Hi** 410 Buckeye Pipe Line 83 83 Chesehrough Mfg. Cons 190 193 Chesebrotigh Mfg. Cons., pfd. 100 108 Continental Oil. Colo 105 110 Cosden Oil and Gas 5% 6 Crescent Pipe Line SO 33 Cumberland Pipe Line 120 130 Elk Basin Pete 7% 8 Eureka Pipe Line 90 95 Galena-Bign.il Oil, pfd.. new. 94 98 Galona-Slgral Oil, com 43 48 Illinois Pipe Line 170 173 Indiana Pipe Line 84 87 Merritt Oil 1% 12% Midwest Oil 1 1% Midwest Rfg 138 13 National Transit 27 29 New York Transit ISO 15 Northern Pipe Line 95 98 Ohio Oil 275 280 Penn.-Mex .33 36 Prairie Oil and Gas 470 480 Prairie Pipe Line 195 200 Papulpa Refg 4% 4% Solar Refining 865 375 Southern Pipe Line ". 100 103 South Penn. Oil 225 245 Southwest Penn. Pipe Lines 70 72 Standard Oil Cos. of Cal. ... 293 297 Standard Oil Cos. of Ind 67 67% Standard Oil Cos. of Kan. ... 530 580 Standard Oil Cos. of Ky 400 420 Standard Oil Cos. of Neb. 370 390 Standard Oil Cos. of N. Y 340 343 Standard Oil Cos. of Ohio ... SBO 4 ( >o Swan & Finch 45 53 Union Tank Line 108 113 Vacuum Oil 310 320 Washington Oil SO 35 NEW TORK CURB. (By Thomson & McKinnon.) —Feb. 5 —Closing— Bid. Ask. Curtis Aero com 33 Cnrtis Aero pfd 10 20 Chief 7 12 Nat. Copper % 1 Goldfield Con 7 9 Havana Tobacco 1% 1% Havana Tobacco pfd 5 7 Central Teresa 3 4 Jumbo Extension 3 7 Internat. Petroleum 15% 16 Nlpiasing 8 8% Indian Pkg 33% Royal Baking Powder 113 116 Royal Bak. Powder 80 84 Standard Motors 7 8 Salt Creek 24 28 Tonopah Extension 1% 17-16 Tonopah Mining 1% 1% Cnited P S new 1% 1% U. S. Light A Heat 1 1% U. S. Light & Heat pfd % 1% Wright-Mattin 4 6 World Film 1-16 % Ynkon Gold Mine Cos 1 1% Jerome % 3-16 New Cornelia 16 18 Cnited Verde 26 28 Sequoyah 5-16 716 Omar Oil 2% 2% Rep. Tire 1% 1% CHICAGO STOCKS. (By Thomson & McKinnon) —Feb. 5 Open. High. Low. Close, w’arh & Carbon. 56 57 % 56 57 Cudahy Packing 60 • .... Libby 12 12 11% 11% Lindsay Light . 6 6 .3% 6 Mont Ward ... 16% 16% 16% 16% Nat. Leatner ... 8% 8% 8% 8% Sears-Roebuck .87 88 87 87% Stewart-Warner 31% 32% 31% 31% • Swift A Cos. ...101% 102% 101% 102% Swift Inter. ... 27% 27% 27 27 Annonr. pfd. ... #2%
Stock Market Review NEW YORK, Feb. s.—The Evening Sun financial review today said: “As was the case yesterday there was a strong tone to prices In today's short session of the stock market, while trading continued quiet and orderly. Evidently much of the talk heard through the week about a forthcoming break in values was taken less seriously. Moreover the outlook next week for easier money conditions seems improved. "The traction issues were also in good quest while the outstanding features among the railroad descriptions were Reading common and preferred issues. “The market went into the second hour with a firm front and the session dosed with trading still extremely dull. The others were steady. An improved tone prevailed in both grain and cotton.’’ N. Y. Stock Price —Feb. S— Prev. - High. Low. Close, close. Ajax Rubber.... 36% 36% 36% 35% Allls-Chalmers.. 34% 34% Am. Agricul.... 65 54% 55 54% Am. Beet Sugar. 42% 42% 42% 42 Am.Bsch.Mag.Co. 52% 52% 52% 53 Am. Car A Fdy.122% 122% 122% 121% Am. Can 30% 29% 30% 29% Am. H. & L.com 10 9% 10 0% Am. H. &L. pfd 44% 42% 44% 42% Am. Drug 6% 6% 6% 6% Am. Inti. Corp.. 44% 44 44% 43% Am. Linseed 58 67% 57% 57% Am Smelt A Kef 42% 42 42 42 Am. Sugar Kef. 93 92% 93 92% Am. Su. Tob. Cos 78% 78 78% 78% Am. Steel Fdy. 30 29% 29% 29% Am. Tel. & Tel. 99% 99% 99% 99% Am. Tobacco.... 118 117% 118 117% Am. W001en.... 66% 65% 66% 65 Ana. Min. C 0... 39 38% 38% 38% Atchison 81% 81% 81% 81% At. Gulf &W. I. 64% 64 64 % 63% Baldwin L0c0... 88% 87% 88 87% B. & 0 33% 33% 33% 33% Beth. Steel (B). 56% 55% 55% 55% Brook. R. T.... 14% 13% 14 13% Car.ad. Pac. Ry. 115% 115% 115% 115% Central Leather. 40 30% 4040% Chandler Motors 71% 70 70 % 70 C. A 0 58% 58% 58% 58% C., M. A St. P.. 27 26 % 27 20% C. R. r A P... 26% 25% 26% 25% Chile Copper.... 12% 12 12% 11% Chino Coppe.... 22% 22% 22% 22% Coca Cola 21% 20 20% 21 Col. F. A Iron 27% 27 27 27% Colum. Gas.... 60% 59% 60% 59% Colum. Graph.. Consol. Gas 79% 79% 79% .... Cont. Candy Cos. 2% 2% 2% 2% Corn Prods 69% 69% 69% 69% Crucible Steel.. 93 91% 91% 91% Cub. Am. Sugar 29 29 29 28 Del. & HudsonJ.oo% 100% 100% .... D. A R. G. pfd. 4% 4% 4% 4% Endicott 62 61% 61% 61% Erie 13% 13% 13% 1* Erie Ist pfd.... 19% 19% 19% 19% Fam. Players... 58 56 57% 65% Fisk Rub. C 0... 14% 14% 14% 14% Gen. Asphalt.... 65% 65% 65% 61% Gen. Motors.... 14% 14% 14% 14% Goodrich 39% 39% 39% 39% G. Nor. pfd.... 76% 76% 76% 76% G. Nor. Ore 29 29 29 28% Houston 0i1.... 70% 69% 70% 69 111. Central 89 89 89 Inspl. Copper.. 35% 34% 85% 34% Inter. Corp.... 5% 5% 5% 5% Interboro pfd... 15% 15 15 14% Internat. Nickel 15% 15% 15% 15% Invin. Oil 24% 23% 23% 24% K. C. South.... 19% 19% 19% 18% K-Sfleld Tire... 45% 45% 45 46 Kenn. Copper.. 19 19 19 19 Lack. Steel 52% 52% 52% 52% lhigh Valley.. 51% 51% 61% 51% Loews, Inc 16% 16% 16% .... L. A X 100 100 10*) 99% Marine, pfd 51% 51% 51% 51 Max. M„ com... 5% 5% 5% 5% Mex. Petroleum.lsC% 165% 156% 155% Miami Copper . 18% .8% 18% I*% Mid. States Oil . 13% 13 13% 13% Midvale Steel .. 80% 30% SO% 30% M , K. A T 2% 2% 2% 2% Missouri Pac. . IS% 18 IS 18% Xev. Con. Cop. 11% 11% 11% 11% X. V. Central .. 71 70% 70% 70% New Haven 21% .9% 21 19% Northern Pac. . 84% 53% 84% 83% Okla. P. A Itef.. 3% 3% 3% 3% Pacific Oil 34% 34% 34% 34% Pan-Am. Petrol. 74 73% 74 73% Penn. Ry 40% 4040% 40% Pierce-Arrow .. 25% 24% 25% 24% Pierce Oil Cos. .. lrt% 10% 10% 10% Pittsburgh Coal 58% 58% 58% 58% Pull. Pal. Car ..106% 103 103% 106% Pure Oil 34% 31% 34% 34% Ray Copper ... 13% 13% 13% 13% Reading 83% 82% 83% 81% Rep. Iron A Stl. 65% 64% 65% 64% Replogle Steel . 32 32 32 32 Kyi. Dteh.. X. Y. 60% 60 60 60% Sears-Roebuck. SS% 87% 87% 88% Sinclair 23 22% 23 22% Southern Pac... 96% 96 96% 96% Southern Ry 22% 21% 22 21 % Std. Oil N. J. .154 154 154 152% Studebaker 57 50% 56% 56% Texas Cos 42% 42% 42% 421 Texas A Pacific 23% 23% 23% 22% Tobacco Prod... 52% 52% 52% 52% Trans. Oil 9% 9% 9% 9% Union Oil 22 22 22 2 Union Pacific.. .119% 118 118% 118% Unt. Ret. Strs.. 54% 54% 54% .v;% U. S. I'd. Prod. 24 23 24 23 United Frnlt 106% 106% 106% 106 U. S. Ind. Alco. 67Vi 67% 67% 67 U. S. Rubber... 69% 68% (*) 08% U. S. Steel 82% 81% 81 % 81% U. S. Steel pfd.llo 110 110 110 Utah Copper... 56 55% 55% 55% Vanadium Steel 37% 36% 36% 36% Wabash 7% 7% 7% 7% Wab. Ist pfd... 19% 19% 19% 194, W. Maryland.. 10% 9% 9% 9% Wesths. Elec... 44% 44% 44% 44% White Motors.. 38 37% 37% 37 Wlllys-Overlanfi 7% 7% 7% 7% Worth. Pump.. 48 48 4S 47% NEW YORK LIBERTY BONOS. —Feb. 6 Prev. High. Low. Close, close. L. B. 3%s 01.94 01.86 91.86 91.10 L. B. 2d 4s $6.30 L. B. Ist 4%5... 87.40 87.04 87.30 87 20 L. B. 2d 4%s 86.56 86.40 86 48 86.50 L. B. 3d 4Vis 90.06 89 86 89.94 89.9-j L. B. 4th 4%s— 87.08 89.90 87.00 87.0<) Victory 8% s 97.26 07.20 07.20 97 14 Victory 4%s 97.24 97.20 97.24 97.14
In the Cotton Market j NEW YOKK, Feb. s.—The cotton market was much steadier at the opening today. June started 1 point lower, but active options showed gains of from 5 to 13 points at the start, followed by further upturns. There was covering for over the weekend based partly on an idea that Liverpool would respond next Monday to the abandonment of the excess profits tax in Grea' Britain. Firmness in secnrilles and steadiness in foreign exchange also aided the movement upwards. At the end of the first fifteen minutes prices were about 28 points above last night’s close. The undertone remained firm throughout the last hour. The close was steady at a net advance of 203)"a points. New York cotton opening—March, 13.45 c; April, 18.63 c. May, 13 85c; .Tune, 14.02 c; July. 14.30 c; September. 14.43 c bid ; October, 14.65 c bid ; December, 14.80 c bid; January, offered, 15ce. INDIANAPOLIS I’KOUICE. Eggs—Fresh, loss off, 45c. Poultry—Fowls, 23®28c; springers, 27c; cocks, loc; stags, 16c. old tom turkeys, 15c; young tom turkeys, 12 lbs. and up, 40c; capons, 7 lbs. and up, 33c; young hen turkeys, 8 lbs. and up. 40e; cull, thin turkeys not wanted; young tom turkeys, 40c; ducks, 4 lbs. and up, 25c. ducks, under 4 lbs., 20c; geese. 10 lbs. and up, 20c; squabs, 11 lbs to dozen, $7; guineas, 8-lb. size, per doz., $6. Rabbits —Drawn, per dozen, f2.50. Butter —Buyers are paying 47@48e for creamery butter delivered at Indianapolis. Bntterfat —Buyers are paying 47®48c for cream delivered at Indianapolis. CLEVELAND PRODUCE. CLEVELAND, Feb. s.—Butter—Extra. In tub lots, 51'4|®52c; prints. 52V8@53c; extra firsts, 50Vi©51c; firsts, 49®50<'; seconds. 42@43c; packing sto< k, 12@15c; fancy dairy, 25©30c. Eggs—Fresh gathered northern extras, 53c; extra firsts. 52c; Ohio firsts, new cases, 50c; old cages, 49c; western firsts, new, 4SVBe; storage, 45c. Poultry—Live heavy fowls, 34 @3sc; light stock, 25c; roosters. 21c; spring ducks. 88@40c; turki, 46@50c; geese, 25c; spriug chickens, choice, 31@ 82c. WHOLESALE BEEF PRICES. The following are today's wholesale market prices for beef cuts as sold by the Indianapolis markets: Ribs—No. 2. 29c; No. 8,20 c. Loins— No. 2,25 c; No. 3, 18 c. Rounds—No. 2, 24c No. 3,18 c. Chucks—No. 2,12 c; No. S. 10c Plates—Ne 2. 18c 1 No. 8. 10c.
HOG PRICES HOLD FIRM Fairly Active Trade in Cattle —Calves Steady to Strong. RANGE OF HOG PRICES. Good Good Good Jan. Mixed. Heavy. Light. 81. $9.50 @ 10.00 79.50 @ 9.75 710.25 @ 10.50 Feb. 1 9 750)10.00 9.40® 9.75 10.255H0.50 2. 9.50® 9.85 9.25® 9.50 [email protected] 3. 9.25 ® 10.25 9.00® 9.75 [email protected] 4 [email protected] 9.00® 9.75 10.36®10.85 6 . 9.75 ® 10.25 9.00® 9.75 [email protected] There was a fairly active tone to the trade in the hog market at the opening of the local live stock exchange, with fresh receipts close to 3,000 and prices about steady. There were close to 1,300 stale hogs left over from the market of the dav before, but all indications would lead one to believe that the clearance for today's market would bo good. Good light hogs generally brought [email protected], but there were a few below that price, while the top was 10 cents lower than the top of the Friday market at $10.75. Heavy, medium and mixed hogs were about steady. Pigs did not bring the price of the loads today, the bulk bringing $10®10.50, with only a few scattered sales at $10.75. Roughs' were weak with the bulk of the sales at $7.75@8 and a few at $8.25. The bulk of sales for the early forenoon market ran [email protected], and the nost of the hogs were sold during the early hours. Trade on the cattle market was fairly active with very light receipts at around 300 fresh cattle and prices steady. Most of the fresh cattle on the market were sold at an early hour. With close to 200 calves on the market prices were steady to strong. There was a top of sl3, the same as the top for the Friday morket and the bulk of the choice calves brought $12.50@13. Good, medium and other grades of calves were about steady. There were close to 100 sheep and lambs on the market aud prices held about steady. However, there was one herd of good lambs that brought a top of $8.30, which was fully $1 higher than any price paid on the market of the day before. The high sales were really outside the regular market and were paid only for fancy western lambs. HOGS. Best light hogs, 100 to 200 lbs average 10.35i?510.85 average 10.354510.75 Over 300 lbs 8.50® 0.90 Sows 7.50® 8.25 Best pigs, under 140 lbs 10.00(210 50 Bulk of sules 9.75®10.25 CATTLE. Prime confed steers, 1,030 lbs and up 8.50@ 9.00 Good to choice steers, 1,200 to 1.300 lbs 7.75® 860 Good to choice steers, 1,100 to 1,200 lbs 7.00® 7.50 Medium steers, 1,00 to 1,100 lbs 6.50® 7.70 Common to medium steers, 890 to 1,000 lbs 5.00® 6.30 —Heifers and Cow's— Good to choice heifers 6.00® 700 Medium heifers 4.00® 6.50 Common to medium heifers.. 4.oc® 5.00 Good to choice cows 4.50® 5.50 Fair to medium cows 3.50® 4 75 Cutters 8.00(2 4 00 Cahners 2.50® 3.00 Bulls— Good to choir® butcher bulls.. 5.00® 650 Bologna bulls 4 00® 5.00 Light common bulls 4.50® 5.00 —Calves — Choice veals 12.00® 13.00 Good veals 11.00® 12.00 Medium veals B.oo® 10.00 Lightweight veals 6.00® 7.00 Heavyweight veals 5.09® 7.90 Common heavyweight calves.. 3.00® 7.50 —Stoikers and Feeders — Good to choice steers, under 809 lbs 7.00® 8.00 Medium cows 4 so® 5.00 Good cows 5.09® 5.50 Good heifers 5.60® 6.60 Medium to good heifers 5.00® 6.00 Good milkers 60.(H)®95.00 Stock calves. 250 to 450 lbs . s.ob® 8.00 SHEEP A>o LAMBS. Good to choice sheep 3.00® 3.50 Fair to common 2.00® 3.00 Bucks 2 JO® 2.50 Cull sheep I.oo® 1.50 —Lambs— Common to choice yearlings. 4.00® 5.09 Spring lambs 6.00® 8.50 Other Lire Stock
CHICAGO, Feb. 5. —Hogs Receipts, 8,000; market, 10c up; bulk. $9 20®10; butchers, $j.20®9,0; packers, sß.2s®* 90; lights. .N ©K>.oV,; pigs, >9®i0.23; roughs, 88®8.25. Cattle—Receipts, 1,000; m is i steady; beeves. $7®9.75; butchers, ss@B; canners and cutters. $2.85®.7; Stocker* and feeders, $4.75©8; cows, $4.25 ©7; calves, $9 50® 12. Sheep—Receipts, 4.000; market steady; lambs, $7.25® 10.10; ewes, s2®s. CINCINNATI, Feb. s.—Hogs Receipts. 3,000; uiarket weak; heavy hogs, *9.25® 9.75; mixed, $ 10® 10.25 - medium, $10.50 ; lights, $10.75; pigs, $9.30; roughs, $7.73; stags, $6®6.20. Cattle--Receipts, 300; market weak; bulls weak; calves, sl3. cUieep and lambs- None. DA 8T BUFFALO. N. Y„ Feb. 5-Cat-tle—Receipts, 275; market dull and weak; shipping steers, $8.50®5.73 j butcher - ■ ji.s, calves—lie- • e.pts, 200; market active and steady; culls to choice, [email protected]. Sheep and lambs— Receipts, 5,c00; market slow; lambs. $9.50® B); culls to fair. [email protected]; yearlings, $7©7.30; sheep, $2.50 ©■'>.2s. Hogs—Receipts, 3,200; market thirty acliie; yorkers, [email protected]; pigs, 0 •ci) heavies, $9 50® 10.25; roughs, s7.'o@B; stags,- [email protected]. PITTSBURGH, leu. 5. —Cattle—Receipts, light; market steady ; choice, $9.25 di 9.7)0; good, ss.su©9; fair, 57.50®3; veal calves, $14©14.50. Sheep and lambs—Receipts, fair; market slow ; prime wethers, $5.25©5.50; good, $4.50®5; fair mixed, $4 ©4.50 ;spriug lambs, $9.50© 10. Hugs Receipts, 15 double decks; uiarket light; prime heavies. slo© 10.25: mediums, sll© 11.25; heavy yorkers, sll® 11.25; light yorkers, sll® 11.25; pigs, $10.75® 11 ; roughs, s7©B; stags, $5.50®8. Weather The following table shows the state of the Weuther at 7 a. m. t Feb. 5, as observed by United States Weather Bureaus : Station. Bar. Temp. Weather. Indianapolis, Ind.. 20.39 40 Rain Atlanta, ua 29.76 44 Rain Amarillo, Texas... 29.68 80 PtCldy Bismarck, N. D 29.92 —8 Clear Boston, Mass 29.96 30 Cloudy Chicago, 111 29.70 32 Cloudy Cincinnati, 0hi0... 29.60 42 Rain Cleveland, Ohio 29.70 40 Rain Denver, Colo 29 70 20 Clear Dodge City, Kan.. 29.80 24 Clear Helena, Mont 27.64 18 Cloudy Jacksonville, Fla.. 29 88 54 Cloudy Kansas City, M 0... 29.72 34 Clear Louisville, Ky 29.58 46 Rain Little Rock, Ark... 29.66 48 Clear Los Angeles, Cal... 29.94 52 Cloudy Mobile, Ala 29.76 62 Cloudy New Orleans, La... 29.78 162 Clear New York N. Y... 29.90 40 Clear Norfolk, Va 29.88 48 PtCldy Oklahoma City.,.. 29.78 32 Clear Omaha, Neb 29.80 30 Cloudy Philadelphia, Pa... 29 88 36 Cloudy Pittsburgh, Ta 29.70 44 Cloudy Portland, Ore 29.80 36 Cloudy Rapid City, 8. D... 29.80 16 Cloudy Hoseburg, Ore 29.86 40 Cloudy San Antonio, Texas 29.78 58 Clear Buu Francisco, Cal. 29.92 48 PtCldy St. Louis, Mo 29.66 40 Cloudy St. Paul, Minn 29 80 10 Clear Tampa, Fla 29.92 04 Cloudy Washington, D. C.. 29.80 40 Clear WEATHER CONDITIONS. The disturbance over tile central valleys Friday morning now extends from Ole lakes region southward, and another of considerable energy has moved in from the north Pacific over the Western plateau. Asa result, unsettled weather with considerable precipitation has occurred between the Mississippi and the Alleghenies, and also In the Far West. A moderate field of high pressure has moved down from middle Canada over the Northern plains region, accompanied by lower temperatures generally In that section. However, the readings are only a little below sero In parts of North IHvkota, and elsewhere moderate temperatures for the season continue. J. H. ARMINGTON, Met* urologist, Weather Burenn.
INDIANA DAILY TIMES, SATURDAY, FEBRUARY 5,1921.
Local Stock Exchange —Feb. 5 STOCKS. Bid. Ask. Ind. Rail A Light Cos. com.. 60 Ind. Rail. A Light Cos. pfd... 84 86 Indpls. A Northwestern pfd. ... 75 Indpis. A Southeastern pfd 75 Indpls. St. Ry 55 57 T. H. T. & Light Cos. pfd.... 68% ... T- H., 1. A E. com 2 ... T. H., I. A E. pfd 10 Union Trac. of Ind., com 1 Un Trac. of Ind. Ist pfd... 6% 16 Union Trac. of Ind. 2d pfd 2 Advanee-Rumely, com 18 ... Advance-Rumely pfd 49 American Central Life 235 Am. Creosote Cos. pfd 93 ... Belt. R. li., eon. 62 66 Belt R. R . pfd 45 55 Citizens Gas Cos 81 34% Century Bldg, pfd 93 Cities Service com 245 250 Cities Service pfd 67% 68 Dodge Mfg. pfd 93% ... Home Brewing 55 Indiana Hotel com 70% ... Indiana Hotel pfd 93% ... Ind. Nat. Life Ins. Cos 4% ... Indiana Title Guaranty 69 71 Indpls. Abattoir, pfd 45 50 Indpls. Gas 45 50 Indpls. Telephone Cos. com.. 6 ... Indpls. Telephone Cos. pfd... 89 ... Mer. Pub. Util. Cos. pfd 40% 50 National Motors •* 8 Pub. Savings Ins. Cos 2% ... ‘Sterling Fire Ins. Cos 7% 9 Rauh Fertilizer, pfd 45 Stand. 'Oil of IndU.ua 08 72 Van Camp HJw. pfd 90 100 Van Camp Pck. pfd 92 100 Van Camp Prods. Ist pf(l... 92 101 Van Camp Prods., 2d pfd... 02 Vandalia Coal Cos. com 6 Vandalia Coal Cos. pfd 10 Wabash R. R. pfd 19 ... Wabash R. R. com 7% ... BANKS AND TRUST COMPANIES. Aetna Trust Cos 100 108 Bankers Trust Cos 118 Commercial Nat. Bank 65 Continental Nat. Bauc 112 City Trust Cos 85 ... Farmers Trust Cos 200 Fidelity Trust Cos 124 Fletcher Am. Nat. Bank 239 255 Fletcher Bav. A Trust C 0... 160 Ind. Natl. Bank 265 285 Ind. Trust Cos 175 105 Live Stock Exchange Bank.. 885 Merchants National Bank... 280 National City Bank IXO 120 Peoples State Bank 187 Security Trust Cos 120 ... The State Sav. & Trust Cos.. 89% 94 Union Trust Cos 835 350 Washington Bank A Trust.. 150 BONDS. Broad Ripple 5s 63 ... Citizens Street Railroad 55.. 70% ... Ind Coke and Gas (Is Indian Ck. Coal A Min. 65.. 92 ... Indpis., Coi. A Southern 88 Indpls. A Martinsville 5s 55% ... Il.UpiS. 3c North. 5 43% 48 Indpls. A N. W. 6s 54 60 Indp s A S. E. 6s 45 ... Indpls., Shelby. A 8. E. ss. 70 Indpls. St. Ky. 4s 60 65 Indpls. Trac. A Ter. 3s. 71 75 Kokomo, Marion A West. ss. 78 82 T. H . I. A E 52 Union Trac. of Ind. 6a 53 68 Citizens Gas 5s 74% 81% Ind. Hotel Cos. 2d 6s 94% Indpls. Gas 6s 73% 83 Indpls. Light A Heat 5s 75% 88 Indpls. Water 4%s 70 75 Indpls. Water 5s 88% 92 Mer H. A L. pfd. 5s 80 91 New Telephone Ist 0s 94 ... New Teiephoue Long Dls. ss. 03% ... Southern Ind. Power 0s ... LIBERTY BONDS. Liberty first 3%s 61.80 92.00 Liberty first 4%s 81.00 81.59 Liberty second 4%g 86.42 80.60 Liberty third 44%s 89.00 90.20 Liberty fourth 4VsS 80.90 87.20 Victory 3%s 97.26 97.40 Victory 4%s 97,22 97.42
On Commission Row TODAY’S PRICES. Apples—Missouri Jonathans, per bbl., $3.50; fancy Illinois Joustnans. per bbi., $1.90; extra fancy Grimes Golden, per bbl., s6®o; extra fancy Wluesaps, per bbl.. *9; Bell Flowers, per bbl., $6.50; Bald" Ins, per bbl., $5 710. Spys, per bbl., $4 50®6 • Rome Beauty, per bbl.. SS; Kinuurd Red, per bbl., $0; Kings, per bbl., $0; Wolf ltlvers, per bbl., $5; None Such, per bbl., $5; Malden blush, per bbl, $4.50; Greenings, per bbl., $5.90; choice Jonathan*, per bbl., $6. Beaus—Michigan navy, in bags, per lb., 6®5%c; Colorado piutos. In bugs, per lb., 6®7c California Hinas, In bags, per lb., B%®bc; red kidneys. In bags, per lb., 10%4f‘0%c; California limns, lu bags, per lb., B%®9c; California pink Chill, In bags, per lb., 7%®Bc; yellow eyes, per lb., 12c; dried peas, green, per lb., be; split yellow peas, la 80-lb. bags, per lb., 9c; white kidneys, per lb., lie. Beeta— Faucy home-grown, per bu., $1.50. Bananas—-Extra fancy high grade fruit, 60®60c per bunch; per lb., s®B%c Cabbage—Fancy Northern, per lb., 2c Carrots—Fancy home-grown, per bu., *l. Celery—Fancy Florida (4-doz. crate), per crate, $3 75; saucy Florida trimmed, per bunch, sl. Cocoanuta —Fancy, per doz., $1; per bag of 100, $5. Cranberrlea—Fancy C. C. Hones, per bbl., $17.50 per bu., SO. Grapefruit—Extra fancy Florida (Blue Goose brand) 49s and 545, per box. $7; 645. 70a and 80s, per box. $7.25; fancy Florida*, 465, per box, $4; se*. per box, $4.50; 64s and 70s per box, $5; 80s, per box, $5. Lettuce—Fancy hothouse leaf, per lb., 22c; In barrel lots, per lb., 20c; fancy California Icebergs, per crate, $4 50. Granges—California, all grades. $3.50@ 6.50. Onions —Fancy Indiana yellow or red, per luO-lb bags, $140; fancy Indiana white, per 100-lb. bags, $1.40. fancy Spanish, per basket, $2.50. Parsley—Fancy large Bikes, per doz., $U Potatoes—Fancy Michigan and Wisconsin round whites, per 150-lb. bag, $2.40; 6 or 10-lb. bags, per bag, $2.33; fancy Idaho Gems, per bag, $2®2.25. Radishes—Button, large bunches, per doz., $1; long red, per doz., 40c. Sweet Potatoes—Fancy Eastern Jerseys, per hamper, $3; fancy Indiana Nancy Hails, per hamper, $2 26: saucy Indiana Jersey, per hamper, $2 40. Spinach—Fancy, per large basket, $1.40. Turnips—-Fancy washed, per bu., $1.50; per crate, $2.50. Kale Fancy, per barrel, $2.23. Cauliflower —Fancy California, per crate, $2.75. Oyster Plant —Fancy, per doz., 50c. Leek—Fancy, per doz., 35c. Sage—Fancy, per doz., 45c. Rutabagas —Fancy Canadian, per 60 lbs., $1; per 100 lbs., $1.75. I’eppers—Fancy, per small basket, 75c. Kumquats—Fancy Florida, per qt., 25c. Tangerines—Extra saucy Floridas, 14as and 1(4)8, per box, $-1.50; 190s, per box, $4; 2165, per box, $3.50. Lemons —Extra fancy Californias, 300s, per box( $4.50®4.75. Sas.vafraa Bark —Per doz., 40c. Grapes—Fancy Imperial Malagas, per keg, $13@14. Strawberries —Fancy Florida, per qt., 75c. WHOLESALE FEED PRICES. Ton. Cwt. Acme feed $36.00 $1.85 Acme mldds 40(F) 2.03 Acme dairy feed 47.50 2.40 E Z dairy feed 35.25 1.89 Acme H. and H 35.50 1.70 Acme stock feed 28.75 1.5) ('racked corn 82.25 1.65 Acme chirk food 41.75 2.13 Acme scratch 88.75 2.00 K-Z scratch..... 36.25 1.00 Acme dry masb 4600 2.35 Acme hog feed 45.50 2.30 Round barley 44 00 2.25 Hornllk yellow 31.25 1.60 Rolled bailey 44 0 0 2.25 Alfalfa moll 39.00 2.00 Cottonseed meal 41.00 2.10 Linseed oil meal 51.00 2.(k) Anna chick mash 49.00 2AO —Flour and Corn Meal— Baker's E-Z bake flour, 98-lb. cotton bags $9.80 Corn meal, 100-lb. cotton bag 2.00 CHICAGO PRODUCTS. CHICAGO, Feb. 5. —Butter—Creamery extras, 45c; cr-jumery firsts, 44c; niv.ts, 38%44c; seconds, 80®36c. Eggs—Ordinaries. 40®'41c ; firsts, 44%c. C'fiesee—Twins, 23%c; Young Americas, 25c. Live poultry—Fowls. 28c; ducks, 35c; geese, 22c; spring chickens, 28%c; turkeys. 43c; roosters, 20c. Potatoes—Receipts, 34 cars; Wisconsin and Minnesota, sLio®l.3o per bushel. Tbe Statue of Liberty was unveiled on Bedloe's laland, in New York Harbor, Oct 28. 186*.
WHEAT FUTURES CLOSE HIGHER Corn and Oats Also Make Gains—Provisions Lower. CHICAGO, Feb. 5. —Reports that Greece Will be in the market at New York and Pacific coast Monday to bid for wheat started a wave of short covering that carried price.® sharply higher. The close found wheat sharply higher in the lead of other grains. Provisions closed lower. Resting prices for .March wheat were at gains of 4%c and May gained 3%c. February corn advanced l%c, May l%e was higher and July 1%®1%C up. May oats advanced 1%@1%e and July %@l%c hlghar. (By Thomson & McKinnon.) —Feb. 5 Wheat—Foreign cables again exploited the relative cheapness of southern hemisphere wheat, but it developed that this condition had been discounted for the time being. A report that Greece was in the market for a liberal amount induced former selling to reverse their position. In December and again in January Greece took one million bushels of our wheat. It is assumed from this that their present order is for a like amount. Market was helped by a statement that the Government agent in Texas reported the presence of iuseet infestation in the crawlne crop of Wheat and oats. There is a feeling in the Southwest that offer lugs troiu the country will Increase as March 1 approaches, in order to secure funds for payment of taxes. Today's strength was more a matter of evening lip at the end of the week than any important buying or item of news. Market wavers between the idea of small reserves in this country on one hand and a cessation of steady foreign buying on tbe other. Inasmuch as the turning of tbe foreign demand to southern Ueini sphere crops Is a known fact and the slue of the amount still available in this country is problematical, it is possible that the market will not show maintained strength pending developments either in the wav of definite knowledge as to reserves or an increased demand from abroad. Coarse Grains—The action of wheat gave the color to corn and oats. A feature in both markets was the lack of important selling which suggests that the size of th° crops and the poor demand have been discounted. The buying seemed to come largely from former sellers. We remain of our previously expressed idea that values are probably low enough for the time, but the hedging loud resting upon both markets must be relieved If any Important advance occurs. I’rcvlslons—General trade conditions j and poor demand from abroad pervade the market for hog products. The market suffers from narrowness of demand and a general lack of interest.
CHICAGO GRAIN. —Feb. 5 WHEAT— Open. High. Low. Close. March... 1.52% 1.57% 1.51% 1.57% Mav 1.44% 1.47% 1.42% 1.47% CORN— May 65 66% 64% 60% July 66% 68% 66% 68% O A T 4May 41% 43 41% 42% July 42% 44 42 % 43% I’Oltfc Mav 21.75 22.00 21 70 21.77 LAUD— _ May 13.00 13.00 12..5 12.75 R MutT.... 1197 11.97 11.60 11.77 kye— May 1.30% 1.32% 130 1.82% July 1.11% 1.15 1.11% 113 CHICAGO CASH GRAIN. CHICAGO, Feb 5. —Wheat— No. 1 mixed. $1.61 16(31.65; No. 2, hard win ter. $1.62. Corn—No. 4 yellow. 56®-57c; No 8 mixed, sb%®i'oe; No. 3 hltc, sb%4;One; No 5 yellow, 53%@54%c; No. 4 mixed, 55®58%r; No. 4 white, 63V* <<i 37c; No. 6 yellow. 52®52>Outs—No. 2 white, 40%®01%c; No. 3 white, 30® 39 %c. TOI.EDO CASH GRAIN. TOLEDO, Feb. s.—Close Wheat—Cash, * 80%; Mi: rcti, $1.81; May. $1.70. Corn— No. 2 yellow, 65c. Oats No. 2 white, 43 ® 14c. Rye—No. 2, $1.44. Barley, No. 2, fltc. Clovemeed Cush (1919, 1920) and February, $11.40; March and April. $11.75: October. $9.90. 11 mothy—Cash (1918). $3; cash (1919), $3.06; cash (new) and February. $3.10; March, $3 15; April and May, $3.10; September, $3.30. PRIMARY MARKETS. (By Thomson A McKinnon.) —Fob. 5 Wheat. Corn. Oats. Chicago 3-t.OOo 731.0 0 200,n0n Milwaukee .. 5,000 41,(00 13,0)5) Minneapolis.. 229.900 73,000 53 00> Duluth 62,000 10.000 28 000 St. Louis 166,0-S) 75.tkX) 42.0(5i Detroit 4.000 HJhX) Kansas City.. 243.000 41.00 15.0(H) Omaha 37.000 71,000 21.000 Indianapolis.. 3,UO<> 36.900 30,000 Totals 780,000 1,0(40,000 410,000 Year ago... 710,000 1,054.000 644,000 —Shipments— Wheat. Corn. Oats. Chicago 14,000 181,000 189.000 Milwaukee ... 38000 62.000 48.1 M) Minneapolis.. 173,000 36.000 67,000 Duluth 41,000 ,St Louis 85,000 50.000 84,00) Toledo 1,000 16.009 14,019 Detroit 4.000 S.OOO Hanna* City.. 304,000 20,090 4UOOO Vmnbu 70,000 30.000 20,000 Indianapolis 31,000 14,000 Totals 816000 443,000 438.000 Year ago... 612,000 504,000 419,009 —Clearances— Dotn \V. Corn. Oats. Philadelphia.. 60,000 Now Orleans. 160.tXK) Totals .... 220.000 Year ago.. 150,000
INDIANAPOLIS CASH G RAIN. —Feb. 5 - Blds for car lots of grain and hay at the call of the Indianapolis Board of Trade were: Wheat- No sales. Corn—Strong: No. 3 white. 62©63c; No. 4 white., 60®61c: No. 5 white. 58Vi® 59We; No. 3 yellow, 63©04c: No. 4 yellow, ;©©6OV4; No. 5 yellow, 57V<i©5SVoc; No. 3 mixed, Co©6lc; No. 4 mixed, 68..© 59’7jC; No. 6 mixed, 36@57'-jc. Oats —Strong: No. 2 white, 42®43Vis: No. 3 white, 40©41Vje; No. 2 mixed, 38 ©39c. Hay—Weak; No. 1 timothy. $22©22.30; So. 2 timothy, $21.50©22; No. 1 light clover mixed, [email protected]; No. 1 clover hay, SIU®2. —lnspections Wheat—No. 3 red, 2 cars. Corn—No. 3 white, 1 car; No. 4 white 19 cars; No. 1 yellow, 1 car; No. 3 yellow, 3 cars; No. 4 yellow, 12 cars: No. 5 yellow, 7 cars; No. 4 mixed. 2 cars; No. 5 mixed, 2 ears; ear, 2 ears; total, 38 cars. Oats—No. 2 white, 21 ears: No 3 white, 1 car; No. 4 white, 3 cars; total, 25 oars. Hay—No. 1 timothy, t car. BOARD OF TRADE STATEMENT. The weekly statement of the Indianapolis Board of Trade showing the we, Uly output of flour by local mills, inspections for tlie week and stock in store follows; COMPARATIVE STATEMENT. Output Flour— Bbls. Feb. 5, 1931 7,870 Jan. 29, 1921 5813 Feb. 7, 1920 10.915 Feb. 8, 1919 4,505 —Bushels— Inspections for Week— 1920 j 921 Wheat 21,090 Corn 336.000 144,090 Oats 24,(XX1 138,(XX) Rve 14,000 Hay—l 7 cars. STOCK IN STORE. Wheat. Corn. Oats. Rye. Feb 5, 1921.. 114,020 091,580 381,410 Feb 7 1920. .457,630 274,990 81,010 9,454 Feb. B,’ 1919. .237,950 541,730 268,020 10,700 HAY MARKET. The following are the Indianapolis prices for hay by the wagon load: Hoy—Loose timothy, new, $22 fdl23; mixed hay, new, $21®28; baled, $24(,j125. Oats —Bushel, new, 45©50c. Corn —New, to®7sc per bushel. WAOON WHEAT PRICES. Indianapolis flour mills and elevators today are paying $1.65 for* No. 1 red wheat, $1.62 for No. 2 nbJU and $1.61 for No. S red.
‘VOICE PICTURE’ TO DETECT LIE Professor at Case Explains ‘Truth Detector* for Wayward Husbands. DETROIT, Feb. 4.—Husbands of the near future, listen to this: When you come home and tell wifey you were unavoidably detained at the office be careful, for she may have a little “truth detector’’ in her home. Tfie "truth detector” Is a possibility, said I’rof. Dayton 0. Miller, D. S. C., of the Case School of Applied Science, speaking before a large gathering of members of the Detroit Engineering Society in the Board of Commeice. By It wifey would be able to take pictures of your voice. Through study of the pictures she would know whether you were re lly at the office or were imbibing less than 2% per cent at a cabaret, with peiuaps a li;tie chicken on the side. Professor Dayton had rnuny pictures of sound which be made while studying shell shock and allied problems for the United States Ordnance Corps during the war. When he was young Dr. Dayton started out to study the fiute, silver gold and wood, to determine which was best, and wliy. He is approaching the winter of life and has never had time to determine the problem of the fiute, but he did find out why Caruso burst a blood vessel and why the report of a great rifle can kill a man. To find out why Caruso burst a blood vessel was a simple matter. He took a picture of the sounds of a phonograpfi playing the sextette from “Lucia.” It showed Caruso burst a blood vessel for the same reason a howitzer report shell shocks a man. In other words, when a howitzer is fired there is a resulting displacement of air by the projectile, the flash of powder and the report of the explosion. If seiious enough orsharp enough, the air displacement discommodes the Internal organs in the chest of a man with the flrst, or positive, report, and when this is followed by the next, or negative, report there is a rush of blood to the head, with the foregone result. The photograph of the sextette from “Lucia” show-s that Caruso's voloe has a Bharper, more explosive and higher report than any other human voice and most musical instruments. Therefore, the explosion of Caruso’s voice burst the blood vessel in his head.
ASKS BUSINESS AID TO COMMERCE Chamber Man Wishes Protest on Appropriations Cut. An urgent appeal has been issued by John B. Reynolds, general secretary of 'To Indianapolis Chamber of Commerce, to Indianapolis manufacturers interested in foreign trade, to write at once to Indiana Congressmen and Senators urging that the appropriation for consular service and the bureau of foreign domestic commerce not be cut by Congres. “The p.escnt Congress is planning te handicap the foreign trado service by cutting tlielr appropriation practically la two.” says Mr. Reynolds. “More than two hundred Indianapolis manufacturers are now interested in foreign trade. It is because of this Interest that the Indianapolis Chamber of Commerce is Just opening a comprehensive foreign trade service. ”'e are taking the initiative in urging that Congress provide sulficient funds to carry on this work.” Mr. Reynolds has a letter from Senator Harry S. New, in answer to a telegram, In which Mr. News says: “I am In harmony with your feeling that the consular service should tie adequately provided with funds so that our foreign trade may contlnuo to grow. I shall ba glad to do anything I can here in Washington to further foreign trade legislation.” Lower Court Upheld in Talge Damage Case The decision of the Marlon County Circuit Court in the case of Black & Yates against the Talge Mahogany Company of Indlnnapolls has been upheld by the Appellate Court of Indiana In a decision Just handed down. The records of the Circuit Court show Hint Black and Yates, as plaintiffs, were given a verdict of $1,617.52 ns damages against the Talge Mahogany Company about two years ago. The Appellate Court reversed the decision of the Marion County Superior Court in the case of SalHe Robinson against the National Life and Accident Insurance Company. Mrs Robtnaon had brought suit to recover S3OO on an accident policy for the death of her husband.
Crew l ost With Ship LONDON, Feb. s.—The British coasting steamer Tay, bailing from Alderney, was lost today with all on board. The Toy was a small freighter displacing only 200 tons. SOCIALIST SPEAKER SUNDAY. Joseph W. Sharts of Dayton, Ohio, will speak at 40% South Delaware street at 2:30 o'clock Sunday afternoon upon ‘‘Why Not Open the Factories.” The meeting Is under the auspices of the Socialist party. ATTENDS MOODY CONFERENCE. The Rev. Emil Berger, 607 lowa street, Is attending the Founders’ week conference at the Moody Bibl9 Institute in Chicago. Orphans ’ Friend J ' ' if /fii If f j MISS ELSIE MAY KIMBALL. M'.ss Elsie May Kimball of Mt. Vernon, N. Y„ has distinguished herself as a heroine by driving off. with a whip as tier on’y weapon, twenty Turkish soldiers, members of the forces es the Natioi uiists, who captured the city of Kars, Armenia. The soldiers were trying to steal blankets from the orphans in the Near East Rdief Orphanage it Kars, where Miss L.lmbsU mi one >f the attendants.
Gives Skin for Pal ;■> *•: •• ;• rv :•* :-V '''■■■■'■'’V \ PB %i l 111 \•.■ *. I mi 0 The Boy Scout pledge to “help others when possible” was exemplified in San Francisco when Richard Weaver, 12-year-old scout, gave up 100 square inches of skin from his back and legs to be grafted on to the back of 8-year-old Vernon Garnett, his playmate, who was burned by hot tar. The cuticle transfer saved young Garnett's life.
CROSBY’S CASE IS CONTINUED Cites War Record as Good Conduct Guarantee. Citing his war record in France as a sort of a guarantee of future good conduct and as one of the arguments why he should be given clemency on a charge of issuing a fraudulent check, Paul J. Crosby, 123 North Highland avenue, succeeded in obtaining a continuance until Monday morning at the hands of Judge James A. Collins of the Criminal Court today. Detective* testified they have recovered worthless and forged checks totaling $152 which are said to have been lsued by Crosby In a period of three months. “Why destroy this fine war record by snch conduct as this?” asked Judge Collins in holding up six checks. Crosby blamed It on a “bad woman’’ and claimed if he was given another chance be would reform. Tbe court ordered Crosby committed to Jail until Monday. Crosby claimed that some of the checks had been made “good.” Waiter Douglas, charged with grand larceny, was sentenced from one to eight years at the reformatory. John Hlngate, cbfKgerl with rape, was granted a continuance to give a eommis slon of doctors a chance to pass upon his sanity. James Hoskins was sen fenced from one to eight years at the reformatory on a charge of stealing goods valued at $123 from John L. Castleman. Albert Wood, on a charge of stealing a S4OO diamond ring, was sentenced from one to fourteen years in prison. Announcement was made that William Mingle, who Is now In Jail, has been indicted on a charge of entering the house of Mrs. Bernard Schreiner, 1531 East Ohio street, and stealing goods valued at $55.
Slander Suit Lost by Isidor Wulfson A Jury in the $15,000 damage suit in Circuit Court of Is’dnr Wulfson, Justice of the peace, against Ephraim and Isidor Krott, accused of slandering Wulfson while he wa* a candidate for the nomination for city Judge in 1917, returned a verdict today in favor of the defendants. Marriage Licenses Orville Thomas, Sherman House 31 Ruth Peyton. 1447 Lee street 21 William Brennan, 1425 W. Michigan.. 38 Mary L. Jones. 328 E. Vermont st 46 j Elmer Waddell, Lafayette, Ind 28 'Jeanne Cruger, 1937 College ave. 21 Tncky lanakeff. 519 W. Washington.. 36 Shr-na Geozeva. 521 W. Vermont st 27 D. L. Mann, Dayton, Ohio 22 Lorena Jones, 3710 Robson st 20 Lee Moore. 313 E. Ohio st 22 Ethel Woods, 2209 Ashland ave 22 John Armand, 417 E. Wa-hingt n st.. 41 Sarah Miller, 1501 Montcalm st. 22 Births Clarence and Anna Covy, 1122 South Pershing, girl. Frank and Alta Henry, ‘1341 Blaine, boy. George and Caroline Stanley, 703 Somerset, girl. Warren and Stella Peek, 1330 North Haugh, girl. Arthur and Hazel Hardesty, 537 North Goodlet, boy. Floyd and Anna Frazer, 2218 Station, boy. Clarence and Cynthia McElwain, 519 West Twenty-Fourth, boy. George and Tressa Taylor, 330 East Twelfth, boy. ■Tomes and Letha Wolfgang, 116 North Wallace, girl. William and Clara Shull, 1223 Herbert, boy and girl (twins). Robert and Hildreth Davis, 1556 Barth, boy. Frank and Blanche Speevack, 211 North Trattl), boy. Otto and Carolyn Neff, 2222 East Tenth, girl. Ralph and Goldie Carter, city hospital, girl. Oscar and Sarah Evans, 11 Catherwood, girt. Donald and Alice De Groot, 1711 South Sherman drive, girl. George and Flossie Thurston, 746 South Noble, boy. Horold and Alma Wolford, 1326 East Bradbury, boy. Deaths Christine Bouke, 63, 1331 North Ketchatn, carcinoma. •Tames Lester Whitnker, 40. 1040 West Thirtv-Sixth. cerebral hemorrhage. Loren A. Hyde, 50, 1406 Bellefontaine, general paresis. Ellen Lyons, 5, city hospital, pt-eu-monoeeic meningitis. Elizabeth Logan, 25, 2419 Prospect, pulmonary tuberculosis. Maurice J. Moore, 31. 1939 North Alabama, acute dilatation of heart. Infant Steeback, 12 hours, 211 North Traub, nonclosure of foramen ovale. Dies of Sleep Illness CARLISLE, Pa., Feb. s.—Dr. Harry M. Stephens, a member of the Dickinson College faculty, died today from sleeping sickness. Dr. Stephens had been ill for several weeks and specialists fro.n Harrisburg and Pittsburgh were unable to save him. DENIES SEEING MURDER. CHICAGO, Feb. s.—Eddie Mcßride, pal of Eddie Morris, held in connection with the slaying of Policeman, John Mullen confessed today. Mcßride told authorities thnt he was with Morris the night Mullen was shot at a balm garden, but claimed he did not sea the shooting.
Hipp Needs 9 Em More Than Legg DALLAS, Texas, Feb. s—Mrs Prances Hlpp today pleaded guilty to stealing a pair of bloomers from .. Legg, employed iu a local dry, goods store. She was fined sl.
WOOLGROWERS SUFFER FROM DROP IN PRICE £sheep Men Sending Stock to Slaughter House—Going Out of Business. WASHINGTON, D. C—What threatens this country today, as a result of the low price for wool and few buyers at any price, is damage to the wool growing industry in the United States which it would take many years to repair. This point was brought out by D. A. Spencer of the Bureau of Animal Industry here, who has charge of the Government work in Improving breeds of sheep. Woo! prices have been inordinately high for several years. Now at last ey have come down, forcing the price of clothing down with them. “Let them stay down,” you are inclined to say. “The woolgrowers had several good years. They should now be able to weather a little adversity.” The answer to this seems to be that they are not able to weather the period of adversity which they now must face, without substantial help of sopae kind. The woolgrowers, according to Government men, did not make Large profits during the war. In fact, the grower of any commodity in this country seldom makes large profits, unless he is also a broker or dealer of some kind. It is the nature of the industrial eystem that the largest profits are made by distributors, not producers. Thus wool before the war was bringing the producer about 30 cents a pound. During the war it brought him about 65 cents for the same grade. But at the same time the wages he had to pay to herders, the price qf feeds, and all the other expenses doubled or more than doubled. Most of the growers were fairly prosperous for two or three years. A few of the large operators perhaps mads big money. Some growers, by reason of unfavorable weather conditions, lost money. But whatever may have happened to fortunate or unfortunate individuals, the woolgrowers as a class did not make more than a fair percentage on their investments. Then came the drop in the price ol wooL Wool is now hard to sell at any price, and 25 cents a pound is considered a good price. But the woolgrower can scarcely produce wool at that figure. All last winter his expenses of production were at a war-time leveL In addition to that, in many sections he faced unfavorable weather conditions. Now his wool clip for the year cannot be sold at anywhere near what it cost him to produce it, if it can be sold at all. At the same time, he has not money enough to stay out of the market until conditions improve.
Especially Is this true when you consider how uncertain It is when conditions will improve. It is said that there 11 j enough wool in this country now to supply all of our needs for nearly two years. And, with vyool on the free list, more wool is pouring into the country all the I time. In Australia, In the Argentine, in South Africa, there are enormous quantities of wool which seek a market in this country because Europe has not ! money enough to buy It. Wool can perhaps be produced somewhat more cheaply in those countries than in this, but primarily the flow of foreign wool to this • country is due to conditions created by the war—to the impoverishment of Europe and to the rate of exchange. For example. American buyers can now buv wool in New Zealand for 28 cents a pound. But the rate of exchange Is such that about 20 cents in American money will buy a pound of wool in Newr Zealand. Hence American buyers ara buying the New Zealand wool and storing it against the rlss In price which must eventually come. And the American wool grower cannot produce wool at 20 cents a pound, much less sell -It for that. What is the result? The result is that sheep men are going out of the sheep business, that we are being put in the way of becoming dependent upon Importations for our wool. Before the war, the sheep industry in this country faced difficulties. Western range areas were being cut down by thn taking up <f homesteads for farming. The wool industry faced a change. It was evident that sheep had to be raised on smaller areas of range, and had to be given more fodder. In order to msko this pay, the breeds bad to be improved, so that each sheep would produce more wool, and so pay for his keep. This process was going forward nicely before and during the war. Sheep men who ! made a little more money than usual were investing it in pnre-blooded rams to improve their stock. At the Government sheep experiment station at Dubois, Idaho, experiments were being conducted in the production of a type of sheep which should combine as far as possible the hardihood of the native stock with the wool-producing qualities of the purebred sheep. Some success had been attained along that line, and the more enterprising sheep men were following the Government lead. Now all of this slow- and careful work toward putting the American wool growing industry on a permanent and scientific basis is being rapidly undone. Sheep men are sending their sheep, blooded and otherwise, to the slaughter house. Mo*s of them can do nothing else. They have got to quit raising sheep and raise something else, or take Jobs. One man recently sold his herd of 2.000 sheep. He had no choice. He could not sell bis wool. He could not stay in the sheep business and continue to eat. So he sold his sheep for about $21.10 a head. Then all expenses had been paid; he had about 85 cents a head for his sheep. This was not profit. It was his net return on sheep which it had cost him $9 or $lO a head to raise. He was a ruined man. And not only little herds like this one, but large herds of 10,000 and 20.000 sheep are being wiped out of existence. It Is this fact which constitutes a crisis in the American wool industry. The wool grower is the chief sufferer. But the whole country will suffer if such a valuable economic asset as Its wool-grow-ing industry is damaged as badly as now seems Inevitable. It is emphasized that the question ia not primarily a question of tariff. The wool situation is due to various abnormal conditions which grew out of the war. It is due to overproduction In this country, to the inability of Europe to buy wool, to an abnormal rate of exchange. After these abnormal condition! have passed, it is admitted, there will be no more need for a hieh tariff on wool than there was before the war. The one clear fact Is that something ought to be done for the wool industry at once. What the wool industry faces, ns Cleveland said, Is a condition and not a theory. The situation seems to call, not for a discussion of theories of free trade and protectionism, but for some prompt emergency action to krep all the sheet) from going to the slaughter house.
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